Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chipotle has 2 8 , 0 0 0 , 0 0 0 shares outstanding and its stock is currently trading at $ 1 , 4

Chipotle has 28,000,000 shares outstanding and its stock is currently trading at $1,400 per share. It reported net income of $652,984,000 dollars in 2021 and it does not pay a dividend.What is Chipotle's retention rate (retained earnings)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sport Finance

Authors: Gil Fried, Timothy D. DeSchriver, Michael Mondello

3rd Edition

1450421040, 978-1450421041

More Books

Students also viewed these Finance questions

Question

Learn about HRM challenges in the textile industry.

Answered: 1 week ago